Lender Deploys PriceMyLoan System After Live Trial Run

New York-based MGN Funding Corp. has successfully deployed PriceMyLoan's automated underwriting and loan-pricing engine. As part of an open evaluation process, MGN Funding was provided a month-long trial account of the PriceMyLoan's system. ‘We had a poor experience with a previous provider, so we wanted to be sure,’ says Marlon Seenarine, president at MGN Funding. ‘PriceMyLoan was the only company that let us test a live production version of their system." MGN Funding was allowed to customize its trial account, meaning its staff could use the system in a live environment. Full training and support for MGN Funding's originators, processors and underwriters was provided with the trial account, and MGN Funding was able to fund actual loans using the test suite. SOURCE: Pric

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